Table 3.—Price Indexes

[Percent change at annual rates; based on seasonally adjusted index numbers (1992=100)]

1997 1998
IV I II III
Gross domestic product 1.1 0.9 0.9 0.8
Less: Exports of goods and services -1.6 -3.4 -1.8 -2.9
Plus: Imports of goods and services -2.3 -10.4 -4.5 -4.8
Equals: Gross domestic purchases 1.0 -.2 .4 .5
Less: Change in business inventories
Equals: Final sales to domestic purchasers 1.0 -.1 .5 .5
Personal consumption expenditures 1.1 0 .9 1.0
Food 1.2 1.1 1.3 2.8
Energy 2.3 -20.2 -7.5 -5.8
Personal consumption expenditures less food and energy 1.0 1.1 1.3 1.0
Private nonresidential fixed investment -1.6 -3.0 -3.1 -3.6
Structures 3.3 2.7 3.1 .7
Producers' durable equipment -3.3 -5.0 -5.2 -5.1
Private residential investment 2.4 0 1.7 2.3
Government consumption expenditures and gross investment 2.2 1.1 .8 1.1
Federal 1.4 2.7 0 .1
National defense 1.2 2.9 .3 .2
Nondefense 1.8 2.2 -.6 0
State and local 2.7 .2 1.2 1.6
Addendum: Gross domestic purchases less food and energy 1.0 .7 .7 .6

NOTE.—Percent changes in major aggregates are in NIPA table 8.1. Index number levels are in tables 7.1, 7.2, and 7.4.